It looks like J. Crew Group Inc.’s future might lead to Wall Street rather than Tokyo.
The private equity-owned fashion firm had been in very preliminary talks to be acquired by Fast Retailing Co. Ltd., but as WWD reported Friday, the Japanese giant balked at the $5 billion price tag being bandied around in the press. Numerous reports on Tuesday said the discussions had broken down entirely.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)